05 - More on probability, review for exam 1 (Oct. 5-11)
Random Variables, Means and Variances, More on Probability
Learning Objectives
Understand the mean and variance of a random variable.
Be able to apply the rules of probability to specific examples.
Understand the applications of Bayes’ theorem. For example, find the probability that a person actually has the disease if they test positive on a diagnostic test.
Be able to calculate conditional probabilities and visualize the relationship between events by drawing Venn diagrams.